TOKYO -- The Japanese business practice of uniformly implementing wage hikes is outdated and out of step with global norms, the chief of Japanese chipmaker Renesas Electronics said Tuesday.
Work
Renesas CEO criticizes Japan's wage hike culture as 'very local'
Chipmaker aims to lead the way to more modern business practices
More than half of Renesas' employees are not Japanese, and most of its sales are earned overseas. (Photo by Shotaro Mori)
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